EUR/USD’s extended decline last week suggests that rebound from 1.1467 has completed at 1.1655. More importantly fall from 1.1917 high is not complete. Initial bias stays on the downside this week for 1.1467 first. Firm Read more…
USD/JPY’s rise from 139.87 contained last week and hit as high as 157.88 before retreating. Initial bias remains neutral this week first for consolidations. Downside should be contained by 154.47 resistance turned support to bring Read more…
No change in GBP/USD’s outlook as range trading continued above 1.3008 last week. Initial bias stays neutral this week first. With 1.3247 support turned resistance intact, further decline is expected. Break of 1.3008 will resume Read more…
USD/CHF’s strong rally last week dampened the original bearish view and suggests that corrective pattern from 0.7828 low is still extending. Initial bias is now on the upside this week for 0.8123 resistance. Firm break Read more…
AUD/USD’s fall from 0.6706 resumed by breaking through 0.6439 support last week. Initial bias stays on the downside for 0.6413 cluster (38.2% retracement of 0.5913 to 0.6706 at 0.6403). Decisive break there should confirm near Read more…
USD/CAD rebounded strongly after initial dip to 1.3970 last week, but upside is capped below 1.4139 resistance for now. Initial bias remains neutral this week first. Outlook stays bullish as rally from 1.3538 is in Read more…
GBP/JPY’s rally from 184.35 resumed last week but lost momentum after hitting 206.84. Initial bias remains neutral this week for some consolidations. Downside of retreat should be contained by 202.31 support to bring another rise. Read more…
EUR/JPY jumped further to 181.98 last week but retreated from there. Initial bias remains neutral this week for consolidations. Downside should be contained by 178.80 resistance turned support to bring another rally. On the upside, Read more…
EUR/GBP’s pullback from 0.8863 extended lower last week but downside is still contained above 0.8765 support. Initial bias remains neutral this week first. Considering bearish divergence condition in 4H MACD, firm break of 0.8765 will Read more…
EUR/JPY gyrated higher last week but lost momentum again after hitting 1.7934. Initial bias remains neutral this week first. On the upside, above 1.7934 will resume the rebound from 1.7561 towards 0.8160 resistance. On the Read more…